February 25, 2026
There’s been a massive increase in foreclosure rates in Maryland, and it’s something locals should know about.
Maryland ranks fifth in the nation for foreclosure rates according to recent data from ATTOM. In plain numbers, that means one in every 2,430 houses is filing for foreclosure. Compared to 2025, that’s a 32% increase in filings. This is one of the highest increases we see in the U.S.
With the D.C area being so closely intertwined with Maryland suburbs, this unfortunate trend is hitting the DMV region hard.
A Normalization That Doesn’t Feel Normal
There’s no denying that the 2020 and 2021 record-low interest rates and extremely aggressive bidding wars have skewed homebuyer perceptions. Today’s consistent 6% mortgage rates have completely revolutionized buyer behavior, with many buyers trying their best to time the market and lock in lower rates.
On that same breath, homeowners are also trying to time the market in memory of those 2021-style bidding wars, often only to find themselves feeling forced to file for foreclosure, or sell for less than what they bought for, when feeling the pressure to sell for financial reasons.
“The biggest risk for Maryland homeowners right now isn’t the market itself, it’s the memory of 3% interest rates. We’re seeing a ‘bidding war hangover’ where sellers are holding out for terms that simply don’t exist in a 6-or-7% interest rate environment. By the time they realize the market has shifted, they could have burned through their financial cushion and transitioned from a standard sale into a distressed situation. In this environment, certainty acts like a kind of equity.”
– Nick Ron, Foreclosure Expert and CEO of House Buyers of America.
If you’re already feeling that financial strain, waiting to time the market could ultimately come back to haunt you.
The Hidden Cost Of Waiting Too Long
Owning a home in the DMV area isn’t cheap, and we’re not just talking about your mortgage. From property taxes, insurance, utilities, to all the regular maintenance that comes with owning a home, homeowners are running out of money, and fast.
This is especially true for homeowners who don’t have the same financial flexibility they used to, which is part of what’s causing this massive spike in foreclosure rates.
This isn’t necessarily the time when practicing patience is worth it. The longer you wait, the more equity you could be losing.
What Homeowners Can Do Right Now
We know how scary it can be when you’re falling behind on payments, or even just worried about falling behind as the price of everything around you increases. That’s why it’s so important to take early action to fully understand all of your options before it’s too late.
- Communicate with your lender before you miss a payment: Many lenders have hardship programs or can offer some relief before being forced into foreclosure.
- Understand your true carrying costs: Take your property taxes, insurance, utilities, and add them to your undone maitenance costs. This is how much money you’re spending each month that you can get rid of by selling early.
- How much equity do you have: It’s important to know how much you’ll get out of your home when you sell.
- Act now before foreclosure starts: Once a foreclosure starts, your options are limited. Act as soon as possible for your best outcome.
It’s hard to swallow, but the earlier you start to understand your financial situation, the more control you’ll have over what happens next.
A Shift Toward Simplicity
One of the best things you can do for your future self is to protect and preserve as much equity as you can. If you’re facing missed payments or have a mountain of bills that keep piling up, it could be time to sell and take advantage of your equity.
“For many, the most effective way to protect their credit and move forward is a simplified path that removes the burden of repairs and carrying costs. Selling As-Is isn’t about distress; it’s about gaining back the valuable commodity of time, without the anchor of an aging property weighing the seller down.”
– Nick Ron, Foreclosure Expert and CEO of House Buyers of America.
What This Means for Maryland Homeowners
Take a deep breath. Just because foreclosure rates are increasing doesn’t mean the world’s ending. However, you can’t just ignore them, either.
Rising foreclosure rates indicate that timing and strategy are important. House Buyers of America purchases homes As-Is, pays cash, doesn’t charge any fees, and can often close in as little as 7 days.
When the market tells you there are rising rates and foreclosures, acting fast can often be the best choice for homeowners in financial distress.
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Frequently Asked Questions (FAQs) About Selling Your Home Fast
During a transfer, a new deed is drafted and signed by the seller, transferring ownership of the house to the new buyer. This document is then recorded in the land records with the above-mentioned deed of trust.
We work with your bankruptcy attorney to present a FAIR offer and give you additional money at closing. We present the offer directly to your attorney and work to have the offer accepted by the bankruptcy court. Once the offer is accepted, we ensure that the bankruptcy is released and we buy the property as soon as possible.
Yes, we can work with any seller who needs to move a property quickly for any reason and in any price range. We have purchased million-dollar houses before.
Yes, we buy apartments, multi-family houses/buildings and land.
No! You have no obligation at all if you submit an information form, show your property to House Buyers or receive an offer to buy your house. You are under no obligation at all. All we ask for is the opportunity to make an offer for your house, you’re in the driver’s seat as to whether you accept the offer or not. You are in complete control. You are only obligated to our service if you have entered into a purchase agreement with us, as with any other real estate transaction.
We need very basic information from you about your house. The number of bedrooms, bathrooms and overall condition of the property is needed. We will also ask you how long you have owned your home and if there are any mortgages or liens against the property.
We offer the maximum amount possible, our offers are very competitive. If our offers weren’t competitive, we wouldn’t have purchased thousands of houses! There is no magic percentage we use, every house is unique. Our Real Estate Consultants take into consideration the age, condition, size, features and location of the home much like an appraiser would. We factor in the costs to repair the house, what other homes in the area are selling for and how long it is taking to sell those homes. These and several other factors are researched to determine a fair offer.
As soon as we receive your Online Form, we will review your information and get back to you ASAP (usually within 30-60 minutes depending on when you submit the information).
We work FAST to help ensure that your house doesn’t go to foreclosure. We present you with a FAIR offer to pay off your mortgage before the foreclosure. We help save your credit, avoid foreclosure and allow you to sell your house FAST and FAIR. Due to recent legislation, if you reside in the state of Maryland and are within a certain period of time before your foreclosure sale date, we will introduce you to a Foreclosure Consultant. The legislation mandates that if you are within this certain window that a foreclosure consultant must explain to you all of your options involved in selling your home.
No problem! We can still buy your house as is, even if it has demolition orders scheduled.
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